Fin Art Media Review: Reasons You Can’t Trust This Broker
Fin Art Media Review, Don’t be deceived by Fin Art Media’s appearance. This broker would do anything to get your money, thus it is nothing more than a typical FX scam.
This company, as far as your finances and any personal information you might give them is an open risk. That much is certain. This broker review that follows is useful in demonstrating why this broker is dangerous and not worth any money.
|Fin Art Media
|Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960
|1:200 / 1:300 / 1:400
Fin Art Media License and Funds Security
According to this broker, it is run by a company with a Marshall Islands registration. The Marshall Islands are a very popular destination for scam brokers for two major reasons, some of which you may not be aware of.
The first one may be apparent. Because there is no FX regulator in operation in the Marshall Islands, none of the hundreds or thousands of registered brokers are also subject to regulation. As a result, all of these brokers, it appears, are essentially free to act however they like.
The second factor is the ease with which any business might register its operation on the islands from a location outside of its jurisdiction. The Marshall Islands is one of the rare countries where a company can be established remotely without ever setting foot within the nation. You can determine for yourself how appealing this is to a fictitious broker who wants to register somewhere merely for show.
Fin Art Media is therefore illegal in the Marshall Islands even if it is registered there. Furthermore, it is unauthorized and a risk to everyone, we may confidently infer given the lack of other legal information.
Trading Platform Overview
The WebTrader and two downloadable platforms are given to clients, claims the Fin Art Media broker’s website. We want to caution you against manipulation before we go into detail about each of them. Such software is typically provided by scammers. They see large paychecks, while you see phony profits.
The most popular platform provided by scam brokers is WebTrader. This software only has the stated manipulation component and the most fundamental functionality. There isn’t much else than graphical objects and chart types. Because of this, you ought to use top-tier applications like Meta Trader 4 and 5.
The desktop platform in question is pure monkey business. Your computer will alert you about viruses and dubious files if you attempt to download them. Therefore, avoid it at all costs. Desktop platforms will always be suspect without a license. The mobile version is the same.
Fin Art Media Account Types Available
The following trading accounts are available to clients of Fin Art Media:
- Silver – You have a 1:200 leverage and access to advanced charts.
- Gold – You have a dedicated account manager, advanced charting, and leverage of 1:300.
- Platinum – The leverage is 1:400, and you get access to advanced charts, a personal account manager, a swap discount, a free VPS, and exclusive seminars.
There is no indication of minimum deposits, spreads, commissions, fees, or other trading conditions on this scam broker’s website.
Credit cards and debit cards are listed as acceptable forms of payment in the legal documents. Credit card withdrawal fees are erased, and Fin Art Media says nothing further.
The broker will “handle withdrawals within the first 30 days of an account being formed,” which to us seems to be a large way of telling you that you won’t be allowed to withdraw, is also stated in the terms and conditions for users. All requests will likely be delayed by these scam brokers for longer than 30 days.
Since the agent specifically mentions account taxes, there may be further costs, but in typical con artist fashion, Fin Art Media withholds other information.
Fin Art Media Offers Bonuses and Promotions
The broker offers a “bring a friend bonus”. Both the new and existing customers are eligible for a 100% bonus on their first deposit, up to a maximum of $2000, for every new client that is acquired through a recommendation from another customer
The broker also gives bonuses that are bound by the clause. It specifies that until a specific turnover is reached, profits cannot be withdrawn. The size of that is equal to one-fourth of the bonus in regular lots. The broker fails to disclose the fact that a normal lot is equivalent to at least 100,000 units of the base currency.
Furthermore, it can occasionally get worse because we’ve observed cases where this provision also applies to the client’s deposits, making it nearly unfeasible for you to access any of your money. Do not take advantage of bonuses from scam brokers!
How the Scam Is Implemented
Let us cover a bit about how is fraud committed in this Fin Art Media review. Scam brokers are masters at tricking people and identifying their weaknesses.
Unfortunately, clients usually become aware that they are victims of an investment scam a bit too late; by then, the broker has long disappeared, and getting your money back is challenging. But it is never too late! Stay safe and alert!
Fin Art Media Summary
It was enjoyable for us to write this Fin Art Media review, as we want to save as many people as we can from losing their hard-earned money. Before you conduct any transaction, it is a good idea to carefully evaluate all of the Forex companies and any other business for that matter.
FAQs About Fin Art Media Broker
Is My Money Safe with Fin Art Media?
Nobody can ensure your funds will be safe with Fin Art Media, since this is an investment scam.
Is Fin Art Media a Regulated Broker?
No, it is not. They are non-registered foreign organizations presenting itself as a valid broker.
What Is The Fin Art Media Minimum Deposit Amount?
in Art Media broker does not disclose the minimum deposit amounts on their website.